Invest In EU News

  • Brewin Dolphin acquires Ireland’s privately owned private client fund management company

    Brewin Dolphin has agreed to acquire Tilman, a privately owned private client fund management company, based in Ireland. Completion of the investment is subject to a number of conditions, including regulatory approval.

    The initial investment consideration is €20.8 million (£18.3 million) and will be paid upon completion, with up to an additional €15 million (£13.2 million) payable in December 2014 based on the performance of Tilman to September 2014. The entire consideration is payable in Brewin Dolphin shares, subject to certain lock in arrangements.

  • India’s Rishabh Instruments acquires 85% Stake in Poland’s Lumel

    Deal Curry Monday reported that Nashik-based Rishabh Instruments Pvt Ltd has acquired 85% stake in Poland-based Lumel S.A. The acquisition will give Rishabh footprint into the European markets and also an access to its technology and R&D capabilities, while Lumen will benefit from Rishabh's expertise in electrical and electronic instruments.

  • Clinipace Worldwide acquires Swiss based PFC Pharma Focus and its subsidiaries

    Clinipace Worldwide, a global digital clinical research organization (dCRO), and Swiss-based PFC Pharma Focus (PFC) jointly announced a definitive merger agreement under which Clinipace Worldwide has acquired all outstanding shares of privately-held PFC and its subsidiaries.

    PFC is a pan-European contract research provider focused on drug and medical device development services and regulatory consulting. The company is based in Zurich, Switzerland - with offices in Germany, Israel and India.

  • Frutarom Industries Ltd to acquire the Savory activity and assets of Chr. Hansen Italy

    Frutarom Industries Ltd is to acquire the Savory activity and assets of Chr. Hansen Italy (Christian Hansen ITALIA S.p/a, or Chr. Hansen) for a cash payment of approximately US$ 35.2 million.

    The activity's 2010 sales totaled approximately US$ 24.3 million (approximately €18.3 million) and its operational margin came to 15%. The data are based on unaudited documents provided by Chr. Hansen. The acquisition will be subject to the approval of antitrust authorities. Frutarom estimates that the acquisition will be finalized within the coming weeks.

  • Germany’s GMG acquires the Netherlands based Aurelon

    GMG, a leading developer and supplier of high-end color management software solutions, Thursday announced the acquisition of Aurelon, located in The Netherlands. Aurelon provides innovative, modular and scalable technology for the processing of digital information to any media that requires accurate graphic production and output.

    With the acquisition of Aurelon, GMG is strengthening its presence in the large-format print production market significantly and is continuing its strategic expansion beyond traditional market segments.

  • The Technical University of Denmark buys a T-Ray 4000® from Picometrix Advanced Photonix

    Advanced Photonix, Inc. Tuesday announced that the Lyngby campus of The Technical University of Denmark (DTU) has purchased a T-Ray 4000® from its wholly-owned subsidiary, Picometrix, for terahertz time-domain studies. Terahertz (THz) science and technology is a key strategic area of development for the Photonics Engineering department of the University.

  • Imtech N.V. acquiring Norwegian activities of the electrical services provider Elajo Installasjon AS

    Imtech N.V. (technical services provider in Europe) is acquiring the Norwegian activities of the electrical services provider Elajo Installasjon AS.  The acquisition will enable Imtech to further strengthen its position in the Norwegian market, especially in the economically thriving region around Oslo.

    On an annual basis, Elajo, which employs almost sixty people, generates revenue of around seven million euro in the Oslo region. The acquisition, which will be paid for in cash, will contribute directly towards the earnings per share.
     

  • India’s CG acquires Sweden’s Emotron Group

    India based CG announced it has acquired Sweden’s Emotron Group. The investment is for a consideration of €57.8 million. In the 2010 fiscal calendar, Emotron reported revenues equivalent of €37.3 million and EBIDTA equivalent of €4.4 million.

  • Thermo Fisher Scientific to acquire Sweden’s Phadia

    Thermo Fisher Scientific Inc. is to acquire Phadia, a global leader in allergy and autoimmunity diagnostics, from European private equity firm Cinven, for €2.47 billion (or approximately $3.5 billion) in cash.

    The transaction, which is expected to be completed in the fourth quarter of 2011, is expected to be immediately accretive to Thermo Fisher's adjusted earnings per share and accretive by $0.26 to $0.30 per share in 2012.

  • Toshiba Corporation to acquire Switzerland’s Landis+Gyr AG

    Toshiba Corporation, a world leader in electronics and social infrastructure systems, Thursday announced that it has entered into a definitive agreement to acquire the entire equity of Landis+Gyr AG.

    Landis+Gyr AG is a company incorporated in Switzerland and a global leader in energy management solutions for utilities. Toshiba Corp. will acquire Landis+Gyr AG from the company's shareholders and warrant owners.

  • Smiths Detection Wins €16 million German Contract for Advanced X-Ray Scanners

    Smiths Detection Wednesday announced a €16 million contract to  provide advanced X-ray systems for security checkpoints at Berlin’s new Brandenburg International Airport, scheduled to open in 2012.

    The order from the German Interior Ministry is for the Advanced Threat Identification X-ray (aTiX) systems, HI-SCAN 6040 aTiX and HI-SCAN 7555 aTiX, combined with innovative checkpoint modules for faster passenger throughput, and other security equipment.

  • SONAE to acquire 8 PC City stores in Spain from the Dixons Group

    Sonae, a multinational operating in specialized retail in Spain with the Worten, Zippy and Sport Zone brands, has reached an agreement in principle to a transaction involving the transfer of 8 PC City stores in Spain.

    As part of this agreement with the Dixons Group, negotiations are being actively carried on with the expectation that they will be concluded within a month. The stores are located in Palma de Majorca, Pamplona, two in Barcelona, three in Madrid and on the island of Tenerife.

  • US based Eaton Completes its acquisition of Germany based Internormen Technology Group

    US based Eaton Corporation, the diversified industrial manufacturer, Monday announced it has completed its purchase of the Internormen Technology Group. The transaction was first announced March 14, 2011. Eaton expects to gain considerable market share in Germany, as well as improve its global position.

  • The Ascott Limited acquires 100% shareholding in SNC Costes K, owner of Hotel K and an adjacent property in Paris

    CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has agreed to acquire 100% shareholding in SNC Costes K which owns the prime Hotel K and an adjacent vacant residential property in Paris based on an agreed asset value of €65 million (approximately S$118.4 million).

  • CPP Investment Board acquires 50% joint venture interest in CentrO Oberhausen

    The CPP Investment Board (CPPIB) and Stadium Group announced Friday that CPPIB has acquired a 50% joint venture interest in CentrO Oberhausen, a premier super-regional shopping and leisure centre in Germany, valued at €1.3 billion, from Stadium Group (Stadium). CPPIB's equity investment is €270 million. Stadium will retain its 50% interest in CentrO and will continue to manage the shopping centre.

  • Arminius acquires properties worth approx. €1 billion from Eurocastle

    Two investment vehicles run by Arminius Funds Management S.à r.l. (Arminius), as existing junior lenders, have acquired, as part of a loan restructuring, the controlling-majority stake in various SPVs holding 28 primarily commercial properties with a market value of approximately €1 billion. The seller is Eurocastle Investment Limited.

    Arminius will be committing additional funds for capital expenditures and tenant improvements to stabilize the portfolio over the next years.

  • H.I.G. Europe affiliated funds acquire the UK’s leading bed & mattress manufacturer

    H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, announced that funds advised by H.I.G. European Capital Partners LLP and its debt affiliate Bayside Capital have acquired Silentnight Ltd, the UK’s leading bed & mattress manufacturer.

  • Howden buys Thomassen Compression Systems BV

    Howden has agreed to acquire the entire issued share capital of Thomassen Compression Systems BV. The acquisition complements Howden’s existing range of compressors and opens up a much wider market for the company in the oil & gas and petrochemical industries.

    Howden and Thomassen have very similar core competencies in the application engineering of custom designed, high technology products for performance critical environments.

  • Trimble Navigation’s subsidiary to acquire Finland’s Tekla Corporation

    Trimble Navigation Limited’s subsidiary Trimble Finland Oy is to acquire Tekla Corporation for €15.00 per share in cash representing an aggregate equity purchase price of approximately €337 million (or approximately $489 million), and an enterprise value of €311 million (or approximately $451 million).
     

  • US based Alkermes Inc to merge with Ireland’s Elan Drug Technologies

    Alkermes Inc. and Elan Corporation plc have entered into an agreement under which Alkermes will merge with Elan Drug Technologies (EDT). Elan Drug Technologies is the profitable, world-class drug formulation and manufacturing business unit of Elan.

    The merger is a cash and stock transaction currently valued at approximately $960 million. Alkermes and EDT will be combined under a new holding company incorporated in Ireland. This newly created company will be named Alkermes plc.

  • IHC Merwede strengthens its position in the offshore market with purchase of Hytech

    IHC Merwede announced it has acquired Hytech, as it seeks to expand and strengthen its offshore market position. IHC Merwede designs and constructs dive support vessels suitable for activities to a depth of 300 meters. Hytech designs the on-board equipment required by these vessels.

  • Mediq forays into France with acquisition of NM Medical for €17 million

    Mediq, an international supplier of medical devices and pharmaceuticals, has acquired the French company NM Médical. The acquisition of NM Médical will make Mediq a leading supplier of medical devices to General Practitioners (GPs) in France.

    Mediq did not previously have any activities in France and, following the acquisition, Mediq will be active in 15 countries. The purchase price of €17 million will be financed from available cash resources.

  • UTC Fire & Security acquires majority of the shares of Norway’s Simtronics ASA

    UTC Fire & Security, a unit of United Technologies Corp., has acquired a majority of the shares of Simtronics ASA, a Norway-based provider of sophisticated gas and flame detection systems, extinguishing solutions and fire prevention systems for marine and off-shore industries.
     

  • Itslearning to acquire 51 per cent stake in educational technology provider Dactique

    Norwegian-based educational ICT provider itslearning announced Tuesday that it is to acquire majority ownership of the Dutch company Dactique. Both companies provide learning platforms and related products to customers in primary, secondary, vocational and higher education.

    This investment will make itslearning the largest learning platform provider in the Netherlands, enabling the company to offer even better service and products to the Dutch educational sector.

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